Office Suite with Private
500 Pleasant Valley DR, Little Rock, AR 72227
For Sale
New
Contact for pricing
A shared breakroom and ample parking at the entrance support day-to-day office operations.
Property Size6,457 SF
Price / SF$147.13
Days on Market6
Property Features for 500 Pleasant Valley DR
General Information
Standard status
Size
Class
Additional Details
Property Use
Amenities
shared breakroom
front-door parking
quiet office park
9 private offices
bullpen / reception area
large conference room with vaulted ceilings
3 private offices
Listing Agency:
Hathaway Group
(501) 663-5400
Listed By:
Jamie McLarty
(501) 951-1812
Source:
Moodyscre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hathaway Group
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Investment Insights
Based on property information with market context.
This office suite offers 6,457 square feet, including nine private offices, a bullpen and reception area, and a large conference room with vaulted ceilings. A shared breakroom serves the office, and front-door parking is available.
The suite is located in an office park at 500 Pleasant Valley Drive in Little Rock.
The suite is located in an office park at 500 Pleasant Valley Drive in Little Rock.
Key Highlights
- 6,457 square feet of office space
- Nine private offices
- Bullpen and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,478
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,560
$1.2M
Cap Rate 7%
$878,257
$878.3K
Cap Rate 9%
$683,089
$683.1K
Market Conditions
NOI Build-Up for 6,457 SF
Gross rent
$92.2K $14.28/SF
− Vacancy
−$10.2K −$1.59/SF
EGI
$82.0K $12.69/SF
− OpEx
−$20.5K −$3.17/SF
NOI
$61.5K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,560
Cap Rate 7%
$878,257
Cap Rate 9%
$683,089
Alternative Uses
Best Use
Office B
$878.3K
$768.5K – $1.02M
NOI $61,478 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,109 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
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Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Little Rock, AR
Properties on Market for Office Units in Little Rock
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A shared breakroom and ample parking at the entrance support day-to-day office operations.
Where is this office unit located?
The property is located at 500 Pleasant Valley DR Little Rock, AR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 6,457 square feet of office space; Nine private offices; Bullpen and reception area
